Lincoln Gold Secures $300,000 in Early Warrant Exercises
Suite 400 – 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel: 604-688-7377
Web: www.lincolnmining.com
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Lincoln Gold Secures $300,000 in Early Warrant Exercises
VANCOUVER, BC, September 11, 2024 – Lincoln Gold Mining Inc. (TSX.V: LMG) ("Lincoln
Gold" or the "Company") is pleased to announce that 857,143 warrants have been exercised by certain
investors as a result of positive developments in the Company’s recent activities. The warrants were
priced at $0.35 and set to expire by June 27, 2026. This results in proceeds of $300,000.00. The Company
currently has a total of 10,809,425 warrants outstanding, priced at $0.35 and $0.50, expiring on various
dates in 2025 and 2026.
Lincoln Gold plans to use these funds to further develop the Pine Grove gold project. As a part of this
development, Lincoln is preparing to initiate a geophysical flyover in the near future and is currently
reviewing proposals from several companies for this important work. The information gained from this
airborne geophysical work will help the Company’s geologists formulate drill programs for the specific
rock types at depth that are known to host gold mineralization. This work represents an important step in
advancing the Pine Grove project toward its full potential.
Paul Saxton, President and CEO of Lincoln Gold Mining Inc., stated, “The exercise of these warrants
reflects strong confidence in Lincoln’s vision and strategy. This funding will be instrumental in
advancing Pine Grove, our flagship gold project. While we are working to complete the necessary
steps with the TSXV to close the Bell Mountain acquisition, we remain focused on driving progress
at Pine Grove. In addition, the aggregate value of the outstanding warrants exceeds $4,000,000
representing a good source of potential future funding. This funding mechanism may allow Lincoln
Gold to further advance its key project without requiring immediate external financing.”
Lincoln Gold is committed to advancing its strategy to achieve near-term gold production and maximize
value for its shareholders.
About Lincoln Gold Mining Inc.:
Lincoln is a Canadian precious metals exploration and development company headquartered in
Vancouver, BC. Lincoln holds 100% interest in Pine Grove gold project located in Nevada, US,
renowned for its mining-friendly regulations. Lincoln received conditional approval from the TSXV on
its acquisition of the Bell Mountain from Eros Resources Corp. The anticipated completion of this
transaction will mark a pivotal moment for Lincoln, enabling a potent operational synergy between these
two properties. Lincoln i s committed to maintaining steady and robust progress towards its goal of
becoming a mid-tier gold producer.
For further information, please contact:
Lincoln Gold Mining Inc.
Paul Saxton, President and Chief Executive Officer
Phone: 604-688-7377
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation.
“Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may occur in the future, including expectations regarding the
Company’s use of the proceeds from the exercise of the warrants, impact of the funding on the Company’s business and
impact of the geophysical on the Company’s exploration and development programs.
Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”,
“expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the
negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the
Company will use the proceeds from exercise of the warrants as anticipated by management and that the geophysical work
will have the intended impact on the Company’s drill programs.
Although the assumptions made by the Company in providing forward -looking information or making forward -looking
statements are considered reasonable by management at the time, there can be no assurance that such assumptions will
prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks
that the Company is not able to use the proceeds from the exercise of the warrants as anticipated by management, and risks
that the proposed geophysical work will not have the intended impact as anticipated by management.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in the forward -looking information or implied by forward -looking information, there may be other factors
that cause r esults not to be as anticipated, estimated or intended. There can be no assurance that forward -looking
information and statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward -looking statements or
information.